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Q. Assume MTSU is attempting to conclude what factors drive its demand for MBA student credit hours (dependent variable). Information is available on following independent variables:
P (tuition per credit hour in dollars), A (average age of students in years), I (average income of students in $1000), C (commuting distance to campus in miles). A regression is calculated with following output.Coefficient Variable Value t-valueIntercept +5,000 2.10P -30 2.30I +400 2.05A +75 3.50C - 50 1.99
(a) Write estimated demand equation.
(b) If P = 400, A=35, I=50 and C=60-Illustrate what is value of dependent variable?
(c) Consider this a first crude regression effort. Comment on where all se variables should remain in estimation and describe two or independent variables you think would make sense to include-defining units of measurement and specifying why se variables are important.
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In uncertain times, especially when the economy is experiencing a downturn, consumer spending tends to decline also savings rates tend to rise
Assume that at this time in the nation of Economic when families split up there are no required child support payments.
A concerned Congress votes to impose a price floor $2 above the equilibrium price. Illustrate what is the new market price.
you should note whether the scenario indicates a shift of the curve or movement along the curve. you are a supplier of widgets. What technology available to produce your product suddenly improves.
Illustrate what is the effect of Westland's expansionary monetary policy on Eastland's nominal exchange rate in the short run and in the long run.
demand for its tennis balls by using the subsequent linear specification
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